High Remittance Costs to Sub-Saharan Africa and the Role of Technology

Sending money to sub-Saharan Africa remains costly, with senders incurring an average fee of 8.37% per transaction as of the second quarter of 2024. CNN This figure significantly exceeds the United Nations' Sustainable Development Goal 10 target, which aims to reduce remittance costs to less than 3% by 2030. High Remittance Costs in Sub-Saharan Africa…

2 days ago0Comments

Byrwandatechnews

Startup

Africa: The New Frontier of Fintech Innovation

The Rise of Fintech in Africa: A Digital Revolution Africa is experiencing a financial revolution, and fintech is at the forefront. As traditional banking struggles to meet the needs of a rapidly growing population, innovative fintech solutions are stepping in to fill the gap. From mobile money to digital lending, African fintech companies are reshaping…

October 27, 20240Comments

Byadmin

Global News

Nigeria leads Africa’s FinTech revolution

Ambassador Fashina Olaoluwa, representing Nigeria at the Best Diplomatic Conference in the United Kingdom (UK), highlighted Nigeria's status as Africa's leading financial technology (FinTech) hub. In his address, he emphasized how Nigeria has been a key player in fostering a fair, inclusive technological ecosystem and closing the digital divide across the continent. Nigeria's Commitment to…

October 2, 20240Comments

Byrwandatechnews

Ideas

US Finance Giants Bitcoin

As Bitcoin approaches its all-time high, the spotlight turns to the significant influence wielded by US finance giants such as Grayscale, BlackRock, and Fidelity. These investment powerhouses channel billions of dollars into Bitcoin, solidifying their status as the new 'Bitcoin whales' in the cryptocurrency sea. This influx of institutional investment marks a pivotal shift in…

March 1, 20240Comments

Byrwandatechnews

Ideas

AI in trading

Technology has become a game-changer for investors and traders in today's rapidly evolving financial landscape. Artificial Intelligence (AI) is among the most revolutionary advancements, a powerful tool that can significantly enhance your trading strategies and outcomes. This article will explore how AI is reshaping the trading landscape and providing investors with the tools to make…

October 16, 20230Comments

Byrwandatechnews

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